SEC Form 4 · accession 0001301106-15-000088
National Interstate CORP · NATL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Anthony J Mercurio
Officer — Executive VP & COO
Period of report
Nov 11, 2015
Accepted (ET)
Nov 13, 2015 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001301106
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares ($0.01 par value) | Nov 11, 2015 | M | 1,613 | $20.41 | A | 33,116 | D | |
| Common Shares ($0.01 par value)F1 | Nov 11, 2015 | S | 1,613 | $27.47 | D | 31,503 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F2 | $20.41 | Nov 11, 2015 | M | 1,613 | D | Jan 1, 2007 | Feb 8, 2016 | Common Shares ($0.01 par value) | 1,613 | 5,940 | D |
Explanation of responses
- F1The price reported represents a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.40 to $27.50. The reporting person undertakes to provide to National Interstate Corporation ("NATL"), any security holder of NATL, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
- F2Options vested 20% per year each January 1, beginning January 1, 2007.